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BURLINGTON Real Estate Market Trends: Week of November 16th, 2015

By
Real Estate Agent with LAER Realty Partners
BURLINGTON Real Estate Market Trends:
 Week of November 16th, 2015

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Here is a snapshot of real estate market for single family homes and condo/townhouses in BURLINGTON, MA for the week of November 16th, 2015. (Source: AltosResearch).
Week of November 16th, 2015 Single Family Homes Condo/Townhouse
Median List Price $619,900 $479,900
Average List Price $664,209 $417,740
Average Days on Market 72 42
No. of Homes On Market 45 5
Median House Size 2,700 sq ft. 1,337 sq ft.
Market Action Index

40.9 -  Seller's Advantage

50.7 -  Seller's Advantage

Data provided by ©2005-2014 Altos Research LLC.

The median list price in BURLINGTON, MA for single family homes this week is $619,900. The 45 properties have been on the market for an average of 72 days. Average price per square feet is $269. The most expensive single family listing is at $997,500 and the least at $369,900. The median list price in BURLINGTON, MA for condo/townhouse this week is $479,900. The 5 properties have been on the market for an average of 42 days. Average price per square feet is $266. The most expensive condo  listing is at $509,900 and the least at $179,900.

SEARCH ALL AVAILABLE BURLINGTON HOMES FOR SALE, LIKE I DO!

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Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

This is perhaps one of the hottest season for Burlington sellers...

Dec 25, 2015 07:41 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

It's stabilizing market for single family homes and hot for condos in Burlington. 

Still, sellers market.

Dec 25, 2015 07:42 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

The median list price for condos is at $479,900 and that for single family homes at $620K is a good indicator for how it's going to be later this year.

Dec 25, 2015 07:44 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

So is true for Average List Price - promising for sure and trend likely to continue in 2016.

Dec 25, 2015 07:45 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Condo inventory has a shortage - with only 5 homes on market, it's much in demand.

Dec 25, 2015 07:45 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

For Single Family Homes, the inventory is reasonable - at 45 homes on market.

Dec 25, 2015 07:46 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Both condo and single family homes $/sq ft prices are steady  - in $260s/sq ft.

Dec 25, 2015 07:46 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Condos are still selling at quicker pace - in 42 days - as compared to single family homes in 72 days which itself is quick.

Dec 25, 2015 07:47 AM
Praful Thakkar
LAER Realty Partners - Burlington, MA
Metro Boston Homes For Sale

Overall, great market for sellers - definitely, excellent for condo owners.

Dec 25, 2015 07:48 AM